Elbit Systems UK subsidiary bags $71M contract for the British Army

May 09, 2023 3:48 AM ETElbit Systems Ltd. (ESLT) StockBy: Manshi Mamtora, CFA
  • Elbit Systems (NASDAQ:ESLT) UK subsidiary Elbit Systems UK was awarded a contract from the UK Ministry of Defence worth ~$71M to supply, maintain and operate the Ground Manoeuvre Synthetic Trainer systems for the Boxer armoured vehicles and Challenger 3 tanks under the British Army's Project Vulcan. 
  • The contract will be delivered over a three-year period with an additional nine year period that will include operation and maintenance services at UK facilities.
  • The initial capability provided by Elbit Systems UK will include a comprehensive Platform Trainer, delivering both collective and individual training requirements.

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